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Listed Below in Scrambled Order Are 13 Income Statement Categories

Question 121

Essay

Listed below in scrambled order are 13 income statement categories. Use the numerals 1 through 13 to indicate the order in which these categories should appear on a multiple-step income statement.
( ) Discontinued operations.
( ) Cost of goods sold.
( ) Other revenues and gains.
( ) Net income.
( ) Income taxes.
( ) Sales revenue.
( ) Gross profit on sales.
( ) Income from operations.
( ) Income from continuing operations before income taxes.
( ) Operating expenses.
( ) Extraordinary item.
( ) Income before extraordinary items.
( ) Income from continuing operations.

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10, 2, 6, ...

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